News
Company hit for misleading investors
Friday 21st of April 2006
In the District Court at Auckland, Robert Douglas Ross was fined $8,000
and`Ross Investments was fined $16,000 for breaching the Fair Trading
Act by making misleading claims.Between August 2004 and March 2005 Ross Investments wrote to thousands of capital bond and unit holders of two New Zealand companies, Vector and Kiwi Income Property Trust (KIPT). The letters implied that Vector...
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